Australian dollar the risk driver here?

There is no mistaking the role the Australian dollar plays in currency speculation.
It is easily THE risk currency.
It’s got growth (particularly the tight connection to China and the rest of Asia) and interest rates on its side.
So when speculators are looking to capitalize on risk appetite, or when investors are looking for an extra yield boost, they look towards the Australian dollar.
more...https://www.mcssl.com/content/166063/CC/092010_CC_final.pdf